Nothing he does would help in the long run. What needs to happen: cut taxes and spend less. This in itself would be enough to sustain wealth creation in a positive direction. More wealth means more voluntary wealth redistribution.
This is an absolutely important statement that BOTH need to happen. Someone has to accept some cuts somewhere. We don’t need any more new taxes/fees. It’s been proven time and time again that tax cuts especially in the corporate sectore increases gov’t revenue.
The problem with Blind Class Warfare and Corporate Hate is that it’s akin to shooting oneself in the foot. Sure, tax the Hell out of big companies, they don’t care, they simply raise prices or move production/resources offshore. The only people who suffer are downstream. Always.
Tax me more? I spend less. Tax me here? I go to the state next door.
Here in The People’s Republic of Maine, where Nanny rules, politicians tried to hike ‘sin’ taxes on cigarettes (and now sodas and alcohol) in the guise of ‘health concerns’. Really to boost revenue. Cigs went up on the order of dollars (I don’t smoke, btw).
Guess what? Statistically, there was an increase in Smoking!!
Guess what else? REVENUES WENT DOWN!!
How’s that? Well, it turns out next door on the other side of “The Maple Curtain”, New Hampshire is one of the most consumer friendly places in the country-- folks simply drive next door, buy cigs and fill their tanks with gasoline. Oh, did I mention that MaineDOT is suffering from revenue losses because of a gas-tax hike?
People wisen up pretty quick when you start hitting them in the wallet. Even the more liberal folks are fed up with the taxers they voted for.
Oh, Maine has the 2nd worse economy in the country behind Louisiana, and they had Katrina. We’re also the highest, or nearly highest taxed state in the country (any given year).